You are buying a new home, and you have negotiated a 15-year mortgage loan with a local bank for an amount $341,000 at 7.75 percent APR with monthly compounding.  What would your monthly payment be? Round it to two decimal place (cents), e.g., 234.56

Answer rating: 100% (QA)

Loan amount 341000 Period 15 years 180 interest 775120645 Present v... View the full answer